Austin Community Charitable Fund
- Assets
- $1.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, MN
- Founding
- 04/1987
- Data as of
- 12/2019
- EIN
- 36-3487772
Organization Overview
Austin Community Charitable Fund is located in Austin, MN. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Austin Community Charitable Fund generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 45.0% each year . All expenses for the organization totaled $1.2m during the year ending 12/2019. While expenses have increased by 25.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE & EDUCATIONAL SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AUSTIN COMMUNITY CHARITABLE FUND WAS FORMED EXCLUSIVELY TO PERFORM AND OTHERWISE TO ASSIST IN CARRYING OUT THE CHARITABLE FUNCTIONS AND PURPOSES OF THE DCA. THE CHARITABLE FUND WAS ESTABLISHED AND SHALL BE OPERATED EXCLUSIVELY TO ENGAGE IN, ADVANCE, SUPPORT, AND ADMINISTER CHARITABLE ACTIVITIES, CAUSES AND PROJECTS OF THIS DCA OF EVERY KIND AND NATURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geoff Smith Chair | OfficerTrustee | 1 | $0 |
John Hernandez Vice Chair | OfficerTrustee | 0.5 | $0 |
Tanya Medgaarden Treasurer | OfficerTrustee | 0.5 | $0 |
John Garry Executive Director | Officer | 15 | $0 |
Adenuga Atewologun Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,987,437 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,993,187 |
| Total Program Service Revenue | $0 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,993,202 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,100 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $500 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,176,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,662 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,128,774 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,173,436 |
| Accounts payable and accrued expenses | $1,110 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,077 |
| Total liabilities | $6,187 |
| Net assets without donor restrictions | $32,762 |
| Net assets with donor restrictions | $1,134,487 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,173,436 |
Grants Awarded
Over the last fiscal year, Austin Community Charitable Fund has awarded $84,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CEDAR RIVER WATERSHED DISTRICT PURPOSE: PROMOTE THE PROGRAM/STAFF FUNDING | $74,500 |
Austin, MN PURPOSE: PROMOTE PROGRAMS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Austin Community Charitable Fund has recieved totaling $586,000.
| Awarding Organization | Amount |
|---|---|
The Hormel Foundation Austin, MN PURPOSE: Community Projects | $561,000 |
Mayo Clinic Group Return Rochester, MN PURPOSE: SUPPORT CHARITABLE PROGRAMS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lunda Charitable Fund Inc Black River Falls, WI | $54,780,973 | $2,553,689 |
Target Foundation Minneapolis, MN | $17,816,807 | $22,990,908 |
Herbert H Kohl Charities Inc Milwaukee, WI | $0 | $4,457,488 |
3m Foundation St Paul, MN | $14,130,445 | $13,263,360 |
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI | $222,792,049 | $14,759,051 |
The Curtis L Carlson Family Foundation Long Lake, MN | $248,179,884 | $26,019,277 |
Denny Sanford Foundation Sioux Falls, SD | $0 | $3,998,679 |
American Family Insurance Dreams Foundation Inc Madison, WI | $21,257,148 | $8,509,760 |
Andreas Foundation Mankato, MN | $41,592,906 | $1,783,226 |
Frechette Family Foundation Minneapolis, MN | $169,109,390 | $15,212,488 |
Principal Financial Group Foundation Inc Des Moines, IA | $206,302,952 | $13,239,808 |
Reiman Foundation Inc Pewaukee, WI | $72,058,884 | $2,785,249 |